Reply #4: China, Russia Seek More Oil Cooperation [View All]

BEIJING - Russia and China pledged Wednesday to cooperate more closely in producing oil and gas, and the Russian president vowed to go forward with a much-anticipated pipeline to carry Siberian oil to fuel China's booming economy.

However, Russian President Vladimir Putin announced no details of the oil pipeline or its timing after meeting in Beijing with his Chinese counterpart, Hu Jintao, for the fifth time in less than a year.

Putin promised on Tuesday to expand Russian energy supplies to China by opening a natural gas pipeline network within five years. But he gave no concrete details on the oil pipeline that Beijing is also eagerly seeking. Russian officials say a feasibility study must be finished before those plans are finalized.

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